Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

A company issued 40,000 shares of par value ₹20 each. If the total dividend declared by the company is ₹84,000, then the rate of dividend paid by the company is :

Options:

8.75%

10.5%

9.25%

12.5%

Correct Answer:

10.5%